21 June 2014
Dear sir, Please guide how to calculate HRA in case of retired central govt. employee.What is the maximum limits for HRA for exemption in Income tax return
21 June 2014
retired officers only receive pension and no HRA. hence there is no exemption/deduction for rent paid component. you can only claim deduction under 80GG
deduction shall be least amount of the following :-
1) Rent paid minus 10 percent the adjusted total income.